Radnor Capital Management LLC Buys 1,300 Shares of Hewlett Packard Enterprise (NYSE:HPE)

Radnor Capital Management LLC boosted its stake in Hewlett Packard Enterprise (NYSE:HPE) by 0.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 145,838 shares of the technology company’s stock after acquiring an additional 1,300 shares during the period. Radnor Capital Management LLC’s holdings in Hewlett Packard Enterprise were worth $2,984,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HPE. Hazlett Burt & Watson Inc. boosted its holdings in Hewlett Packard Enterprise by 571.5% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,343 shares of the technology company’s stock valued at $28,000 after acquiring an additional 1,143 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Hewlett Packard Enterprise in the second quarter valued at approximately $28,000. Financial Management Professionals Inc. boosted its holdings in shares of Hewlett Packard Enterprise by 80.3% during the 3rd quarter. Financial Management Professionals Inc. now owns 1,430 shares of the technology company’s stock worth $29,000 after buying an additional 637 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Hewlett Packard Enterprise by 224.5% during the 2nd quarter. ORG Partners LLC now owns 1,853 shares of the technology company’s stock worth $39,000 after buying an additional 1,282 shares in the last quarter. Finally, Rise Advisors LLC boosted its holdings in shares of Hewlett Packard Enterprise by 45.5% during the 3rd quarter. Rise Advisors LLC now owns 1,999 shares of the technology company’s stock worth $41,000 after buying an additional 625 shares in the last quarter. 80.78% of the stock is currently owned by institutional investors.

Hewlett Packard Enterprise Trading Down 0.0 %

NYSE HPE opened at $20.00 on Wednesday. The firm has a market capitalization of $25.97 billion, a P/E ratio of 14.29, a PEG ratio of 3.45 and a beta of 1.19. The business has a fifty day simple moving average of $19.41 and a 200 day simple moving average of $19.20. Hewlett Packard Enterprise has a 12 month low of $14.47 and a 12 month high of $22.82. The company has a current ratio of 0.94, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36.

Hewlett Packard Enterprise (NYSE:HPE) last released its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.67 billion. Hewlett Packard Enterprise had a return on equity of 8.94% and a net margin of 6.39%. Hewlett Packard Enterprise’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 EPS. On average, analysts predict that Hewlett Packard Enterprise will post 1.66 EPS for the current fiscal year.

Hewlett Packard Enterprise Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 19th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Thursday, September 19th. Hewlett Packard Enterprise’s dividend payout ratio is presently 37.14%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HPE. Susquehanna restated a “neutral” rating and set a $20.00 price target on shares of Hewlett Packard Enterprise in a report on Friday, October 11th. Loop Capital increased their price target on Hewlett Packard Enterprise from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Bank of America upgraded Hewlett Packard Enterprise from a “neutral” rating to a “buy” rating and increased their price target for the stock from $21.00 to $24.00 in a report on Tuesday, September 17th. Barclays upgraded Hewlett Packard Enterprise from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $20.00 to $24.00 in a report on Wednesday, September 25th. Finally, Citigroup initiated coverage on Hewlett Packard Enterprise in a report on Monday, September 23rd. They set a “neutral” rating and a $20.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Hewlett Packard Enterprise has an average rating of “Hold” and an average target price of $21.46.

Insider Activity

In other news, EVP Neil B. Macdonald sold 29,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total transaction of $493,000.00. Following the completion of the sale, the executive vice president now directly owns 82,061 shares of the company’s stock, valued at $1,395,037. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Antonio F. Neri sold 83,334 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.72, for a total transaction of $1,643,346.48. Following the completion of the transaction, the chief executive officer now owns 1,758,641 shares in the company, valued at approximately $34,680,400.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Neil B. Macdonald sold 29,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $17.00, for a total value of $493,000.00. Following the transaction, the executive vice president now owns 82,061 shares of the company’s stock, valued at $1,395,037. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 426,012 shares of company stock valued at $8,599,617 in the last ninety days. 0.40% of the stock is currently owned by insiders.

About Hewlett Packard Enterprise

Hewlett Packard Enterprise Company provides solutions that allow customers to capture, analyze, and act upon data seamlessly in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and Japan. It operates in six segments: Compute, HPC & AI, Storage, Intelligent Edge, Financial Services, and Corporate Investments and Other.